REX American Resources (NYSE:REX) Trading Up 4.7%

REX American Resources Co. (NYSE:REX - Get Free Report) was up 4.7% during trading on Wednesday . The stock traded as high as $57.85 and last traded at $57.23. Approximately 136,094 shares were traded during mid-day trading, an increase of 1% from the average daily volume of 134,827 shares. The stock had previously closed at $54.65.

Wall Street Analyst Weigh In

REX has been the topic of several analyst reports. StockNews.com raised shares of REX American Resources from a "hold" rating to a "buy" rating in a research report on Thursday, March 7th. Truist Financial reiterated a "buy" rating and set a $70.00 target price (up from $58.00) on shares of REX American Resources in a report on Friday, April 12th.

REX American Resources Stock Up 4.6 %

The stock has a fifty day moving average of $47.99 and a 200-day moving average of $43.59. The stock has a market cap of $1.00 billion, a PE ratio of 16.47 and a beta of 1.07.

Insider Activity at REX American Resources

In other REX American Resources news, CFO Douglas Bruggeman sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $59.60, for a total value of $119,200.00. Following the transaction, the chief financial officer now directly owns 88,605 shares of the company's stock, valued at approximately $5,280,858. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other REX American Resources news, CFO Douglas Bruggeman sold 2,000 shares of the firm's stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $59.60, for a total transaction of $119,200.00. Following the completion of the transaction, the chief financial officer now directly owns 88,605 shares of the company's stock, valued at approximately $5,280,858. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stuart A. Rose sold 100,000 shares of the stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $59.42, for a total transaction of $5,942,000.00. Following the transaction, the insider now directly owns 1,512,305 shares in the company, valued at approximately $89,861,163.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 111,984 shares of company stock valued at $6,643,493. Insiders own 12.20% of the company's stock.

Institutional Investors Weigh In On REX American Resources

A number of institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors lifted its holdings in REX American Resources by 40.5% in the first quarter. Captrust Financial Advisors now owns 503 shares of the energy company's stock worth $50,000 after acquiring an additional 145 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of REX American Resources by 3.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,980 shares of the energy company's stock worth $313,000 after purchasing an additional 274 shares during the period. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of REX American Resources by 5.2% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 5,579 shares of the energy company's stock worth $194,000 after purchasing an additional 276 shares during the last quarter. Barclays PLC boosted its position in REX American Resources by 4.7% during the 1st quarter. Barclays PLC now owns 7,968 shares of the energy company's stock valued at $228,000 after purchasing an additional 361 shares during the period. Finally, Rhumbline Advisers grew its stake in REX American Resources by 2.3% during the 2nd quarter. Rhumbline Advisers now owns 16,398 shares of the energy company's stock worth $1,391,000 after buying an additional 371 shares during the last quarter. 88.12% of the stock is currently owned by institutional investors.

REX American Resources Company Profile

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, non-food grade corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.